The 10-second takeaway
For the quarter ended Nov. 30 (Q4), TIBCO Software beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and earnings per share improved significantly.
Gross margins were steady, operating margins increased, net margins expanded.
TIBCO Software chalked up revenue of $290 million. The 13 analysts polled by S&P Capital IQ expected sales of $281 million. Sales were 20% higher than the prior-year quarter's $241 million
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.42. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share on the same basis. GAAP EPS of $0.30 for Q4 were 37% higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 76%, about the same as the prior-year quarter. Operating margin was 27.4%, 350 basis points better than the prior-year quarter. Net margin was 17.9%, 240 basis points better than the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods.
What does the future hold?
Next quarter's average estimate for revenue is $216 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $1.0 billion. The average EPS estimate is $1.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 416 members out of 449 rating the stock outperform, and 33 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give TIBCO Software a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TIBCO Software is outperform, with an average price target of $30.20.
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